India says too early to predict sanctions impact on Iran imports

India’s oil minister on Saturday expressed concern about the rise oil prices but said it was too early to predict the impact of U.S. sanctions on his country’s imports of Iranian oil after Washington withdrew from the Iran nuclear deal. Indian Oil Minister Dharmendra Pradhan and Sultan Ahmed Al Jaber, UAE Minister of State and the Abu Dhabi National Oil Company (ADNOC Group) CEO, talk during the first cargo loading between ADNOC & ISPRL (Indian Strategic Petroleum Reserves Limited) at the Panorama Digital Command Centre at the ADNOC headquarters in Abu Dhabi, UAE May, 12, 2018. REUTERS/Satish Kumar “This kind of geopolitical (tension) affects both consuming and producing countries. We have to live with the reality of the present geopolitics,” Minister Dharmendra Pradhan told Reuters during a visit to the United Arab Emirates. U.S. President Donald Trump on Tuesday reneged on an international nuclear accord […]